Friday, 18 January 2013

Oil Prices continue its upward momentum as predicted

Dear Friends,

In December, we mentioned that oil prices should continue its upward trend and break $90 when I was interviewed in FM958.

In January, we again issued an article to maintain our bullish view.

Now, light crude oil price has reached $96, yesterday's high price.

Although temporary it might retrace a bit due to overbought signal, we continue to believe that crude oil might reach $100 in the mid term as demand of crude oil increases in this season


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